Analysts Expect NextNav Inc. (NASDAQ:NN) to Announce -$0.11 EPS

Wall Street analysts predict that NextNav Inc. (NASDAQ:NN – Get Rating) will report earnings of ($0.11) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for NextNav’s earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at ($0.08). The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that NextNav will report full year earnings of ($0.46) per share for the current year, with EPS estimates ranging from ($0.47) to ($0.44). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.52) per share, with EPS estimates ranging from ($0.61) to ($0.43). Zacks’ EPS averages are a mean average based on a survey of research analysts that cover NextNav.

NextNav (NASDAQ:NN – Get Rating) last announced its quarterly earnings data on Wednesday, March 23rd. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.50). The business had revenue of $0.02 million during the quarter, compared to analysts’ expectations of $1.23 million.

A number of brokerages have recently weighed in on NN. B. Riley dropped their price target on NextNav from $17.00 to $14.25 in a research report on Friday, May 13th. R. F. Lafferty dropped their price target on NextNav from $16.00 to $15.00 in a research report on Monday, May 16th.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in NextNav by 173.3% in the first quarter. BlackRock Inc. now owns 3,329 shares of the company’s stock worth $25,000 after purchasing an additional 2,111 shares during the period. Citigroup Inc. acquired a new stake in NextNav in the first quarter worth about $26,000. Wolverine Asset Management LLC acquired a new stake in NextNav in the first quarter worth about $29,000. Penserra Capital Management LLC acquired a new stake in NextNav in the fourth quarter worth about $34,000. Finally, UBS Group AG lifted its holdings in NextNav by 189.9% in the first quarter. UBS Group AG now owns 4,691 shares of the company’s stock worth $35,000 after purchasing an additional 3,073 shares during the period. 66.47% of the stock is currently owned by institutional investors.

Shares of NextNav stock traded down $0.04 on Friday, reaching $3.28. 9,388 shares of the company were exchanged, compared to its average volume of 271,758. The company’s 50-day moving average is $6.64 and its two-hundred day moving average is $7.35. NextNav has a 1-year low of $3.30 and a 1-year high of $15.32.

About NextNav (Get Rating)

NextNav Inc provides next generation global positioning system (GPS) and 3D geolocation services. The company delivers next generation positioning, navigation, and timing solutions through its network-based Pinnacle and TerraPoiNT solutions. Its Pinnacle 3D geolocation service is commercially available in approximately 4,400 cities and towns in the United States; and its TerraPoiNT terrestrial-based encrypted network has deployments in 51 total markets nationally.

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